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HomeBusinessSuper Micro jumps as AI server manufacturer prepares to join S&P 500.

Super Micro jumps as AI server manufacturer prepares to join S&P 500.

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Super Micro Computer saw a surge in its stock price by 13.5% in after-hours trading after it was announced that the company will be joining the S&P 500. This announcement follows Super Micro’s success in selling AI-optimized servers, particularly those made with Nvidia’s top-of-the-line AI processors, leading to a stock value exceeding $50 billion. The addition of Super Micro to the S&P 500 will require index funds to purchase shares of the company to stay in line with the benchmark’s composition, potentially boosting its market value even further.

Alongside Super Micro, Deckers Outdoor Corp will also be added to the S&P 500 prior to the start of trading on Monday, March 18. These two companies will replace Whirlpool Corp and Zion Bancorporation in the widely followed stock benchmark. The index funds that track the S&P 500 have assets totaling approximately $7.8 trillion, making them one of the most popular investment tools on Wall Street. Super Micro’s significant increase in trading volume on Friday, surpassing Wall Street giants like Microsoft and Amazon, reflects investor anticipation and enthusiasm for its inclusion in the S&P 500.

Investors exchanged nearly $10 billion worth of Super Micro’s shares on Friday, further fueling the momentum in its stock price. This jump in value, on top of a 4.5% increase during Friday’s trading session, solidifies the company’s position as a key player in the tech industry. As Super Micro continues to demonstrate strong performance and growth, its addition to the S&P 500 signals a new chapter of success and recognition in the stock market.

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